I don’t know. As it is, sites like beezid.com. more like raffles than legitimate auctions. In a regular auction, a live one or an online auction like eBay, you bid on items but only pay if you win the auction, then you pay for the actual item. With Beezid you pay, I think 70 cents for a bid, so each time you “bid” on something, it costs you 70 cents. That seems more like a raffle, where you buy a ticket and are being sold only the chance to win something. I guess, if the product on Beezid was money, it would be more like a lottery.

@john65pennington do you know the site beezid? Its not considered to be gambling, although i definitely would consider it gambling. they profit by selling the bids. For example, I am auctioning 20 dollars, if 10 people bid different amounts, and the winning bid is 15 dollars, the auctioneer makes 25 dollars, selling each bid for a dollar and earning the 15 from the bidder.